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Korean Air sales rival pre-Covid crisis levels
来源：shippingazette 编辑：编辑部 发布：2022/05/13 09:42:04
KOREAN Air Lines Co reported revenue that's almost back at pre-Covid crisis levels on a quarterly basis, reports Bloomberg News.
However, there are some issue. "Instability in regional air cargo markets is expected to persist due to major Chinese city lockdowns and the war in Ukraine," said Korean Air.
Other uncertainties stem from supply chain bottlenecks, a reduction in capacity on EU routes, and high fuel prices.
The carrier declared its passenger business should pick up quickly in 2022.
South Korea aims to restore international flights to 50 per cent of pre-Covid crisis levels by the end of this year.
Korean Air has also been cutting its monetary commitments during the Covid crisis, bringing its debt ratio down to 255 per cent as of the first quarter of 2022, the lowest since 2011.
However, there are some issue. "Instability in regional air cargo markets is expected to persist due to major Chinese city lockdowns and the war in Ukraine," said Korean Air.
Other uncertainties stem from supply chain bottlenecks, a reduction in capacity on EU routes, and high fuel prices.
The carrier declared its passenger business should pick up quickly in 2022.
South Korea aims to restore international flights to 50 per cent of pre-Covid crisis levels by the end of this year.
Korean Air has also been cutting its monetary commitments during the Covid crisis, bringing its debt ratio down to 255 per cent as of the first quarter of 2022, the lowest since 2011.